Overview

• Antonio Guterres challenged major tech companies to meet surging AI and cooling demands by powering all data centers with renewables by 2030.
• UN and IRENA reports confirm a cost tipping point as solar runs 41% cheaper and wind 53% cheaper than the lowest-cost fossil fuel.
• Governments provided $620 billion in fossil fuel subsidies last year, nearly nine times the $70 billion allocated to renewables.
• Global fossil fuel production continues to climb even as Africa received less than 2% of new green energy capacity despite acute electrification needs.
• The UN chief called on governments to submit updated national climate plans by September to lock in a transition away from fossil fuels.